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4 months ago
BUZZ-India's Vedanta, Cairn India rise on completion of buyout process
April 12, 2017 / 5:09 AM / 4 months ago

BUZZ-India's Vedanta, Cairn India rise on completion of buyout process

** Shares of Vedanta Ltd gain as much as 3.9 pct

** Cairn India Ltd rises as much as 2.9 pct to highest since Oct 2, 2014

** Vedanta said it completed buyout of oil and gas explorer Cairn India after months of investor opposition

** Deal gives Vedanta access to Cairn's $3.5 bln cash pile

** Cairn India shareholders to get interim dividend of 17.70 rupees ($0.2741) per share - Vedanta

** Cairn India said its board had made an effective merger

$1 = 64.5700 Indian rupees

0 : 0
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